USD/ZAR recoiled down from the resistance line connecting October highs and slipped under the daily moving averages.
USD/JPY: dollar supported by Senkou Span B
Technical levels: support – 113.00; resistance – 113.60, 114.00.
- Buy — 113.50; SL — 113.30; TP1 — 114.00; TP2 — 114.40.
Reason: bullish Ichimoku Cloud, but falling Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen; the prices are supported by Senkou Span B and may return to upper border of a Cloud.
The market is likely going to continue declining. The main intraday target is the next support at 1.1526 - 1.1508...
Bullish Ichimoku Cloud with horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen with horizontal lines; the market is under strong resistance and prices entered into the channel Tenkan-Kijun.
AUD/CAD falling inside impulse waves 3 and (C) Next sell target - 0…